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| Public Act 102-0868 | ||||
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Home Grown Business Opportunity | ||||
Act is amended by changing Section 15 and by adding Section 20 | ||||
as follows: | ||||
(20 ILCS 725/15)
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Sec. 15. Illinois Home Grown Business Opportunities.
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(a) The Department of Commerce and Economic Opportunity | ||||
shall develop an economic plan to assist businesses and | ||||
municipalities located geographically close to bordering | ||||
states.
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(b) The plan shall take into account relevant economic | ||||
data, including input from local economic development | ||||
officials, and identify and develop specific strategies for | ||||
utilizing the assets of those regions of the State located | ||||
geographically close to bordering states, so that those | ||||
regions may better compete economically with bordering states.
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(c) The plan shall include the following:
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(1) an assessment of the economic development | ||||
practices of bordering states;
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(2) a comparative assessment of the economic | ||||
development practices of this State;
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(3) recommendations for best practices with respect to | ||
economic development, business incentives, business | ||
attraction, and business retention for regions in Illinois | ||
that border at least one other state;
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(4) identification of existing State services and | ||
resources that would assist businesses and municipalities | ||
in being more economically competitive with bordering | ||
states; and
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(5) any other resource that may assist businesses and | ||
municipalities located geographically close to bordering | ||
states that the Department deems necessary and relevant | ||
under this Act; .
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(6) notification to all small businesses and | ||
municipalities of funding opportunities that the State of | ||
Illinois and the federal government are offering to small | ||
businesses and municipalities; and | ||
(7) notification to all small businesses and | ||
municipalities of new restrictions placed upon communities | ||
as it relates to the COVID-19 public health emergency. | ||
(d) The information and resources collected and | ||
established by the Department under this Act shall be | ||
available to the public and posted on the Department's | ||
Internet website.
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(Source: P.A. 100-1084, eff. 1-1-19.) | ||
(20 ILCS 725/20 new) | ||
Sec. 20. Border Community COVID-19 Mitigation Grant | ||
Program. The Department of Commerce and Economic Opportunity | ||
shall create the Border Community COVID-19 Mitigation Grant | ||
Program. Subject to appropriation, grants provided under this | ||
Section shall only be provided to businesses and | ||
municipalities located geographically close to bordering | ||
states. The Department shall adopt rules necessary for the | ||
implementation and administration of this Section.
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